In China, there are no doubts: the State will assist Suning, with a planned investment of 650 million in the next decade.
The Chinese state is coming to Suning’s aid. According to information revealed by the Chinese website Caixin, Citic Trust and China Huarong Asset Management, supported by the government, an investment of approximately €650 million in the Nanchino group over the course of a decade.
As reported by Corriere dello Sport, the aim is to finally achieve a revival, following the difficulties of the recent years, which were preceded by significant investments between 2015 and 2019, including the acquisition of Inter Milan.
However, as reported by Caixin, some creditors, including Oaktree and Bain Capital, have initiated various legal actions against Suning. Furthermore, Oaktree is the same fund that lent 275 million to the Zhang family (which expires next May) to ensure liquidity for Inter, whose shares are pledged to the American fund.
